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You are here: Home / Archives for Foxconn

Lordstown Motors Files For Bankruptcy, Sues Partner Foxconn

June 27, 2023 By CollisionWeek Editor

Files lawsuit against Foxconn that alleges fraud and repeated contractual breaches. Electric vehicle (EV) startup Lordstown Motors Corp. (NASDAQ:RIDE), and it was filing for chapter 11 bankruptcy protection to begin a strategic restructuring process and a lawsuit again its strategic partner the iPhone manufacturer Foxconn. The company is seeking a buyer for its Endurance all-electric […]

Filed Under: News Tagged With: Bankruptcy, Foxconn, Lawsuits, Lordstown Motors

iPhone Manufacturer Foxconn Broadens Lordstown Motors Strategic Partnership with $170 Million Investment

November 10, 2022 By CollisionWeek Editor

Announce plans to pursue first joint EV program. Lordstown Motors Corp. (LMC) (NASDAQ: RIDE), the commercial electric vehicle (EV) manufacturer, and Foxconn Ventures Pte. Ltd., an affiliate of global technology company Hon Hai Technology Group that manufacturers iPhones for Apple, announced Foxconn agreed to make additional equity investments in LMC in the form of $70 […]

Filed Under: News Tagged With: Agreements Signed, Electric Vehicles, Foxconn, Lordstown Motors, Ohio

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